Drake, the internationally renowned rapper, recently had his X account (formerly Twitter) hacked to promote a fake coin.
The fraudulent message, now deleted, highlights the growing number of scams targeting high profile accounts on the platform.
Hacked Drake Account Highlights Rise of Crypto Scams on X
On December 14, blockchain investigator ZachXBT discovered the breach, developer that Drake’s X account was misused to advertise a fraudulent coin called “Anita”.
The hackers falsely claimed that the coin was developed in partnership with Stake, a gaming company that Drake has publicly collaborated with since 2022. The message included a smart contract address and promotional materials, giving the scam an air of credibility.
Drake’s known interest in cryptocurrencies probably added weight to the deception. However, the fraudulent content was removed and the account linked to the meme coin was suspended.
Market watchers noted that the incident highlights the alarming rise in crypto scams on X. Over the past month, several high-profile accounts belonging to organizations like the The Cardano Foundation was exploited. These incidents are often aimed at creating false legitimacy for fraudulent tokens or fake airdrops.
Additionally, blockchain security the Scam Sniffer company pointed out that fake crypto-related accounts on have climbed to more than 300 per day, compared to 160 in November. The company noted that these scammers often pose as influencers to lure users into fraudulent Telegram groups.
Once inside, victims are asked to verify their identity using a bot called OfficialSafeguardBot. This bot uses social engineering tactics to create urgency and trick users into executing harmful commands.
During the verification process, the bot stealthily injects malicious code into the victim’s clipboard. If executed, this code installs malware designed to access crypto wallets and steal sensitive information. According to Scam Sniffer, this malware, reported by VirusTotal, has already led to numerous confirmed thefts of private keys.
This trend reflects a new, more dangerous phase of crypto scams, mixing phishingmalware deployment and social engineering. Users are advised to remain vigilant and avoid engaging in suspicious crypto deals or accounts.
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